A.B.T.M.: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
A.B.T.M.
Largest movements
- Stocks and contracts -€233,047
down €233,047 (-9.2%), from €2.5m to €2.3m
- Receivables within one year +€182,882
up €182,882 (+306%), from €59,729 to €242,611
of which Other amounts receivable: +€182,882
- Debts after one year -€881,406
down €881,406 (-74.7%), from €1.2m to €297,737
- Current portion of long-term debt +€835,164
up €835,164 (+180%), from €462,900 to €1.3m
- Short-term financial debts +€214,225
new in 2025: €214,225
- Other debts -€208,703
down €208,703 (-28.6%), from €729,575 to €520,872
- Gross operating margin -€35,173
down €35,173 (-25.0%), from €140,885 to €105,711
- Financial income +€4,040
new in 2025: €4,040
- Financial charges +€3,379
up €3,379 (+3.7%), from €92,526 to €95,905
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,598,435 | €2,547,138 | -€51,297 | -2.0% |
| Current assets | 29/58 | €2,598,435 | €2,547,138 | -€51,297 | -2.0% |
| Stocks and contracts in progress | 3 | €2,534,967 | €2,301,920 | -€233,047 | -9.2% |
| Stocks | 30/36 | €2,534,967 | €2,301,920 | -€233,047 | -9.2% |
| Amounts receivable within one year | 40/41 | €59,729 | €242,611 | +€182,882 | +306% |
| Trade receivables | 40 | €23,896 | €23,896 | = | 0.0% |
| Other amounts receivable | 41 | €35,833 | €218,715 | +€182,882 | +510% |
| Cash at bank and in hand | 54/58 | €3,740 | €2,597 | -€1,142 | -30.5% |
| Deferred charges and accrued income | 490/1 | - | €10 | +€10 | |
| Total equity and liabilities | 10/49 | €2,598,435 | €2,547,138 | -€51,297 | -2.0% |
| Equity | 10/15 | €201,063 | €213,640 | +€12,577 | +6.3% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €200,426 | €200,426 | = | 0.0% |
| Distributable reserves | 133 | €200,426 | €200,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,364 | -€8,787 | +€12,577 | +58.9% |
| Amounts payable | 17/49 | €2,397,373 | €2,333,498 | -€63,874 | -2.7% |
| Amounts payable after more than one year | 17 | €1,179,143 | €297,737 | -€881,406 | -74.7% |
| Financial debts | 170/4 | €1,179,143 | €297,737 | -€881,406 | -74.7% |
| Amounts payable within one year | 42/48 | €1,218,229 | €2,035,761 | +€817,532 | +67.1% |
| Current portion of amounts payable after more than one year | 42 | €462,900 | €1,298,064 | +€835,164 | +180% |
| Financial debts | 43 | - | €214,225 | +€214,225 | |
| Credit institutions | 430/8 | - | €214,225 | +€214,225 | |
| Trade debts | 44 | €25,755 | €2,600 | -€23,154 | -89.9% |
| Suppliers | 440/4 | €25,755 | €2,600 | -€23,154 | -89.9% |
| Other amounts payable | 47/48 | €729,575 | €520,872 | -€208,703 | -28.6% |
| Other operating charges | 640/8 | €1,091 | €1,269 | +€179 | +16.4% |
| Gross operating margin | 9900 | €140,885 | €105,711 | -€35,173 | -25.0% |
| Operating profit (loss) | 9901 | €139,794 | €104,442 | -€35,352 | -25.3% |
| Financial income | 75/76B | - | €4,040 | +€4,040 | |
| Recurring financial income | 75 | - | €4,040 | +€4,040 | |
| Financial charges | 65/66B | €92,526 | €95,905 | +€3,379 | +3.7% |
| Recurring financial charges | 65 | €92,526 | €95,905 | +€3,379 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €47,268 | €12,577 | -€34,691 | -73.4% |
| Profit (loss) for the period | 9904 | €47,268 | €12,577 | -€34,691 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,268 | €12,577 | -€34,691 | -73.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.